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PROPOSED
Sooke Retail Plaza
Uses: commercial, office
Address: 6783 Eustace Road
Municipality: Sooke
Region: West Shore
Storeys: 1
'Sooke Retail Plaza' is a proposal for a commercial development between the 6700-blocks of West Coast Road/Hig... (view full profile)
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[Sooke] Sooke Retail Plaza | Proposed


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#1 Citified.ca

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Posted 06 May 2021 - 06:09 AM

Major news on the south Island retail front as a 156,000 square foot retail complex starts making its way through the municipal planning process.

 

Large-shopping-plaza-proposed-for-Sooke's-town-centre-will-deliver-much-needed-retail-capacity-to-Victoria's-western-most-suburb.jpg

A 156,000 square foot retail complex has been proposed for a nine-acre parcel between the 6700-blocks of West Coast Road/Highway 14 and Eustace Road in Sooke, identified in blue. If approved, the project will deliver the largest single infusion of retail space to Sooke's town centre.

 

Large shopping plaza proposed for Sooke's town centre poised to deliver much-needed retail capacity to Victoria's western-most suburb

https://victoria.cit...rn-most-suburb/


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#2 Banksy

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Posted 06 May 2021 - 07:43 AM

In stark contrast to consumer asks and given the sizeable distances to shopping in Langford and beyond, Sooke's most recent Official Community Plan (OCP) document released in late 2020 has assessed the need for retail expansion at only 18,000 square feet by 2030, and 111,000 square feet by 2040. The fundamental reasoning for such low supply, according to the OCP, is predicated upon a continued or status quo trend by consumers to travel into Langford and Greater Victoria for retail services, despite the rate of population growth and 'shop local' initiatives from the Sooke Chamber of Commerce. The market, though, is betting on a significantly higher demand for retail, with the West Coast Road/Eustace Road proposal the largest among several upcoming additions to Sooke's retail network that collectively will add far more capacity than deemed necessary under OCP projections.

 

 

Is this true the town hall thinks a population growing by thousands of people needs just 18,000 square feet of retail space growth by 2030?



#3 Mike K.

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Posted 06 May 2021 - 07:49 AM

If you visit Sooke today you'll note it has two grocery stores in plazas across the street from each other. One dates back to something like the 70s and the other dates back to the late 90s. Currently for anything more than groceries, pharmacy items and the basics of a small Home Hardware residents are required to drive into Langford.

 

I too don't understand how only 18,000 square feet of retail growth can be sincere if you have a catchment population of 20,000 people (13,000 just in Sooke-proper as of the 2016 census) and a growth rate of 15% over five years, which is 3x that of Saanich or Victoria.


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#4 Victoria Watcher

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Posted 06 May 2021 - 07:49 AM

who shops in person for anything these days save for groceries?  maybe the odd bit of small hardware.



#5 Mike K.

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Posted 06 May 2021 - 07:52 AM

Big-box and large format retail is doing very well, and is showing no signs of slowing down. The future, I think, is less specialization per retailer and more add-on value. Look at Canadian Tire's latest stores. They combine CT, Mark's, and Party City under one roof. SuperStore combines Joe Fresh, banking, haircuts, insurance, etc under one roof.


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#6 Victoria Watcher

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Posted 06 May 2021 - 07:58 AM

Big-box and large format retail is doing very well, and is showing no signs of slowing down. The future, I think, is less specialization per retailer and more add-on value. Look at Canadian Tire's latest stores. They combine CT, Mark's, and Party City under one roof. SuperStore combines Joe Fresh, banking, haircuts, insurance, etc under one roof.

 

is walmart's non-grocery, in-person sales growing?  i think it's not.  their online was up 97% one quarter last year.  


Edited by Victoria Watcher, 06 May 2021 - 07:58 AM.


#7 Victoria Watcher

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Posted 06 May 2021 - 08:03 AM

Big-box and large format retail is doing very well, and is showing no signs of slowing down. The future, I think, is less specialization per retailer and more add-on value. Look at Canadian Tire's latest stores. They combine CT, Mark's, and Party City under one roof. SuperStore combines Joe Fresh, banking, haircuts, insurance, etc under one roof.

 

Canadian Tire Q4 2020:

 

FOURTH QUARTER HIGHLIGHTS

  • Strong omni-channel performance in the quarter drove CTC's comparable sales growth of 9.5%
    • CTR's strong growth of 12.8% was driven by double digit growth in almost 70% of product categories and Owned Brands growth of 18%
    • Mark's delivered strong comparable sales of 7.6%, driven primarily by eCommerce sales and strong performance of national brands
    • SportChek's comparable sales growth declined 3%, due to reduced promotional activity, temporary store closures and restrictions
    • Over 600,000 new members joined the Triangle program and contributed $168 million in sales
  • eCommerce sales in the quarter grew 142%, with penetration rate more than doubling 2019 levels
    • eCommerce sales surged across all retail banners, with CTR up 179%
    • Digital visits across retail banners grew almost 50% to over 230 million visits

https://www.newswire...-814048074.html



#8 Mike K.

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Posted 06 May 2021 - 08:07 AM

Sounds like brick-and-mortar is doing just fine, and online sales are growing at a very fast clip.


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#9 Jackerbie

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Posted 06 May 2021 - 11:34 AM

It's kind of unfair to point at huge e-commerce gains during covid closures and claim brick and mortar retail is still in a death spiral. The minute that Homesense reopened in Ontario it was lined up out the door with people desperate to shop.
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#10 Nparker

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Posted 06 May 2021 - 12:50 PM

...The minute that Homesense reopened in Ontario it was lined up out the door with people desperate to shop.

The same thing happened at the Homesense on Blanshard when it re-opened last Spring. I should know, I was in the line.


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